Oracle Power (LON:ORCP) Shares Up 11.5% – Time to Buy?

Oracle Power plc (LON:ORCP)’s stock price traded up 11.5% during trading on Thursday . The company traded as high as GBX 0.03 ($0.00) and last traded at GBX 0.03 ($0.00). 149,103,641 shares traded hands during trading, an increase of 273% from the average session volume of 39,980,402 shares. The stock had previously closed at GBX 0.03 ($0.00).

Oracle Power Stock Performance

The business has a 50-day moving average price of GBX 0.02 and a 200-day moving average price of GBX 0.02. The company has a quick ratio of 5.67, a current ratio of 3.74 and a debt-to-equity ratio of 9.98. The firm has a market capitalization of £1.79 million, a price-to-earnings ratio of -3.10 and a beta of 1.44.

About Oracle Power

Oracle Power plc engages in the exploration and development of coal in Pakistan. It is also involved in building a mine-mouth power plant. The company primarily holds interests in the Thar Block VI project that covers an area of 9,100 square kilometers located in the Thar Province of Pakistan. In addition, it holds interest in the gold licenses, including Jundee East project that comprises 29 blocks covering and area of approximately 89.3 square kilometers; and the Northern Zone project, which covers an area of 82 hectares located in Western Australia, as well as develops green hydrogen project in Pakistan.